Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Economy & Markets > Fixed Income

Allianz Adds Income Guarantee To VA Contract

Your article was successfully shared with the contacts you provided.

NU Online News Service, Dec. 4, 9:18 a.m. – USAllianz Investor Services L.L.C., Minneapolis, has responded to the stock market slump by adding an income guarantee to its USAllianz Rewards variable annuity.

The feature assures contract purchasers that the value of the contract’s income and death benefit will be based on the greatest of the current contract value, a guaranteed 5% annual increase on purchase payments, or the highest contract anniversary value.

Contract holders who buy the guarantee option can withdraw income payments over a period as short as 10 years, USAllianz says.

USAllianz is a unit of Allianz Life Insurance Company of North America, which, in turn, is a unit of Allianz A.G., Munich.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.